Santander Bank Polska's 1st quarter net profit fell to PLN 170.9 million (EUR 37.78 million) from PLN 339 million (EUR 74.93 million) in the 1st quarter of 2019, the bank has announced in a report.
Ratings agency Moody's has maintained a stable outlook for the Polish banking system despite the fact that the country is likely to see its first recession in 29 years.
The Polish banking sector belongs to one of the strongest in the world. It has high liquidity and capital at a level that most European countries can envy us, President of the Polish Development Fund (PFR) Pawel Borys wrote on Monday.
President Andrzej Duda has appealed to banks to consider a 3-6 month payment suspension for private and corporate borrowers in connection with the spreading coronavirus epidemic.
Teresa Czerwinska, a management board member of the National Bank of Poland (NBP) and a former finance minister, will become a vice-president and management committee member of the European Investment Bank (EIB) from March 1, the EIB announced on Thursday.
Poland's PKO BP Capital Group formed around Poland's biggest state-owned bank closed 2019 with profits at PLN 4,03 billion (EUR 950 million), the highest in the bank's history. PKO BP also raised its client pool to 10.9 million, including 4.2 million online users.
The Polish banking sector posted a net profit of PLN 14.46 billion (EUR 3.42 billion) in January-November 2019, up 1.9 percent year on year, the National Bank of Poland (NBP) announced in a report on Tuesday.
The National Bank of Poland (NBP) wrote in a December 2019 Financial Stability Report that the Polish financial system was stable while the systemic risk remained at a moderate level.
CEO of Bank Pekao SA, the country's second largest bank by assets, Michal Krupinski tendered a resignation effective immediately on Friday, motivating his decision with the desire to continue his career outside of Poland.
Poland's flagship bank PKO BP posted PLN 2.08 billion (EUR 480 million) in net profit in the first half of 2019, 23 percent up year-on-year, the bank wrote in its half-year report, published on Tuesday.
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